NOT LISTED FOR SALE

Estimated Value: $1,023,000 - $1,315,505

6 Beds
3 Baths
3,916 Sq Ft
$300/Sq Ft Est. Value

Last Sold May 30, 2018

Last sale price $765,000 $195 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $7,322/month

16 Days on Market

About This Home

As of May 2018

Rare well maintained 4 units in East LA county with 3 units are recent remodeled, located at the intersection of LA, Orange & San Bernardino county, next to 60/71 Fwy. Large shopping center nearby, included but not limit to Walmart, Costco, Winco, target, Home Depot, large wide open school green field at the back of the property. 4 car garage is included. All units are leased, with some long term tenants. new 7000 sqft city built kid's playground and basketball field was finished last year couple house down the street.

Last Agent to Sell the Property

Jim Chen

APEC Enterprises Inc. License #01351445 Listed on: 04/10/2018

Last Buyer's Agent

Stanley Wang

Stanley Wang Broker License #01356545

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,128

Year Built

  • Built in 1964

Lot Details

  • 7,199 Sq Ft Lot
  • Two or More Common Walls
  • Density is 36-40 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,916 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 3
  • Tax Tract Number 27496
  • Assessor Parcel Number 8331023029

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $1,440
  • Insurance Expense $1,800
  • Professional Management Expense $2,400
  • Trash Expense $2,160
  • Water Sewer Expense $1,800
  • New Taxes Expense $79,200
  • Operating Expense $9,600
  • Gross Income $66,600
  • Net Operating Income $53,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,128

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 2400.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: POR31000*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 8331023029
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 195.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2160.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 7199.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 1270 Square Feet
  • Average2 Bed Area: 1000 Square Feet
  • Average3 Bed Area: 700 Square Feet
  • Fuel Expense: 1440.00
  • Gross Income: 66600.00
  • Gross Scheduled Income: 66600.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 53280.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 20.00
  • Rent Control: No
  • Total Actual Rent: 4150.00
  • Total Expenses: 9600.00

Tax Info

  • New Taxes Expense: 79200.00
  • Tax Census Tract: 4029.02
  • Tax Lot: 3
  • Tax Tract Number: 27496

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2018
Closed on
Apr 30, 2018
Sold by
Ching Eric J
Bought by
Thakkar Harsh Janakkumar and Halam Krupaben Ghanshyam Bhai
Seller's Agent
Jim Chen
APEC Enterprises Inc.
Buyer's Agent
Stanley Wang
Stanley Wang Broker
List Price
$720,000
Sold Price
$765,000
Premium/Discount to List
$45,000
6.25%
Current Estimated Value
$1,175,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$410,876
Avg. Annual Appreciation
6.63%
Original Mortgage
$315,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 15, 2014
Closed on
Jan 28, 2014
Sold by
Santiago Gloria
Bought by
Ching Eric J and Ching Tiffany C
Seller's Agent
Maxwell Badmos
Viking Equities Realty
Buyer's Agent
Maxwell Badmos
Viking Equities Realty
List Price
$495,000
Sold Price
$525,000
Premium/Discount to List
$30,000
6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.31%

Purchase Details

Closed on
Aug 3, 2007
Sold by
Santiago Marcelino
Bought by
Santiago Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$433,800
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2002
Sold by
Zepeda Federico and Zepeda Christian J
Bought by
Santiago Marcelino and Santiago Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,600
Interest Rate
6.78%

Purchase Details

Closed on
Jun 29, 2000
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Zepeda Federico and Zepeda Christian J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,096
Interest Rate
8.55%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 7, 1999
Sold by
Taniratna Songsak and Taniratna Kay
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Sep 2, 1998
Sold by
Taniratna Songsak and Taniratna Kay
Bought by
Simon Andrew
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Thakkar Harsh Janakkumar $762,000 Wfg Title Company Of Califor
Ching Eric J $485,000 Provident Title Company
Santiago Gloria -- United General Title Ins Co
Santiago Marcelino $232,000 American Title Co
Zepeda Federico $175,000 First American Title
Federal Home Loan Mortgage Corporation $144,689 Landsafe Title
Simon Andrew -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thakkar Harsh Janakkumar $327,500
Closed Thakkar Harsh Janakkumar $315,000
Previous Owner Ching Eric J $309,000
Previous Owner Santiago Gloria $433,800
Previous Owner Santiago Marcelino $412,500
Previous Owner Santiago Marcelino $292,500
Previous Owner Santiago Marcelino $185,600
Previous Owner Zepeda Federico $152,096
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2018 05/30/18 Sold $765,000 +6.3% $195 / Sq Ft
04/10/2018 04/10/18 For Sale $720,000 +37.1% $184 / Sq Ft
03/07/2014 03/07/14 Sold $525,000 +6.1% $132 / Sq Ft
01/28/2014 01/28/14 Pending -- -- --
12/18/2013 12/18/13 For Sale $495,000 -- $125 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,128 $867,020 $411,890 $455,130
2024 $11,128 $850,020 $403,814 $446,206
2023 $10,910 $833,354 $395,897 $437,457
2022 $10,738 $817,015 $388,135 $428,880
2021 $10,483 $800,996 $380,525 $420,471
2019 $10,710 $777,240 $369,240 $408,000
2018 $7,053 $522,521 $215,472 $307,049
2016 $6,605 $502,233 $207,106 $295,127
2015 $6,550 $494,690 $203,996 $290,694
2014 $4,073 $279,573 $114,479 $165,094
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR18081952

California Regional Multiple Listing Service (CRMLS)

APN: 8331-023-029